In the end both payments system have to live together in other to provide the best service, there are several other features that is presented in Visa and absent in btc but that does not mean btc is less in value, the way btc was designed is different than Visa, between I like the idea of having both around which means I can choose anyone that suits me at any given time.
Right, the two must support each other to provide better services for consumers, we know that the nature of visa, although the same is based on electronics, still has shortcomings, so that the decentralized nature of BTC can complement each other |
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I don't know how true it is, but bitcoin is seen as an important asset in crypto and contains more than 30-50% in daily volumes. So a sensible way of telling you about that is -
Bitcoin rises in price, and alts are pegged to it so when btc/usd pair rises, ultimately the value of alts will also rise because btc now holds some extra value and the alt has also increased in both btc and usd or usd only.
For price decline, it could be -
Btc price comes down, so users sell alts to 'buy more btc for cheap'. That is only the reason based on my findings.
It's possible that it could happen, but there is also another possibility, when the altcoin price drops, they place it on usdt to find good areas to buy bitcoin. bitcoin is seen as a good asset, so if there is a decline or correction then people will look for areas to buy back |
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Can't do much about the prices going down, just hodl and wait, the prices will recover soon enough and I don't think that we have anything to worry since the market is still going strong and the crash never dipped really low.
this of course will drain our psychology when prices continue to fall. but for established investors, they will keep quiet and wait for the price to return to normal, because previously of course they have analyzed it well for a long time in taking profits |
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I believe that in order to understand the actions of whales, you need to have a lot of experience and a number of special skills. But in addition to the strategies of the whales, to lower the prices of crypto assets or, on the contrary, increase them, there is also market manipulation when we think about one thing, and in this all this was created for another result. Previously, the crypto market was not as manipulative as it is now, and this makes it clear that not all the actions of crits need to be paid attention to, and even more so to try to correspond to them. Is that only in one case, when you know 100% of the plans of the whales.
it is hard to guess if the whales will act, where the market will be pumping high and for a while it will be dumped again. In the current situation, we must be careful when taking steps, most importantly, don't be greedy to take profits, because at any time the market may reverse. |
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Is it possible that in future doge coin Devs will finally add a utility to the project? I mean of Elon Musk really want to make something out of dogecoin lack of utility will draw it back I believe so is it too late to add utility to doge?
I don't believe any regarding information from Elon musk tweet/ personal explain . He is the main culprit in cryptocurrencies market. His sparked tweet crashing the market. I don't invest following Elon musk announcement. I personally also don't believe it, this is a business, and of course Ellon will only seek personal profit by giving statements and can hypnotize many people, so they obey what he wants, and after that he takes advantage of his actions. therefore we must be careful not to fall into his trap |
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In fact investment is not limited to rich people and it is free for all. However, the amount of profit will depend on how much resources you can invest. It is possible to make a small profit from small investments by our business. However, it would be better to have more capital to invest in crypto because you will not get the prescribed return from a token. So you can invest in more than two good currencies if you want because your profit will come from either one.
indeed capital affects our return on investment, but knowledge will be much better for investing. especially in the highly volatile cryptocurrency market, we will easily get multiple returns as long as we can analyze it well. therefore is capital still the main reason to start investing ... |
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You can find a lot of Trading Bots in the forum and but just to remind you that their functions still relying on you. You will say that could automatically perform stop-loss, that depends on your command. However, it wasn't all the time you will depend on bots, it is also a need for you to check them from time to time so you were also aware of the market trend, and also you could able to see the status of your trading.
basically trading using bots is not wrong. but sometimes many people want to easily earn money without them wanting to learn. so what they have in mind is calculated profit. but in fact manual trading is much better, so if we keep using bots and understand manual trading, the results will certainly be maximized |
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Sometimes I think I might as well stick to just trading BTC since most alts are correlated as rise/fall with the big one. And yet sometimes they don't, maybe because of rotation or more fundamental reasons. But just for simple range or band trading, I wonder if it is just best to stick with BTC?
Many traders don't just focus on BTC, they have also got through to altcoins. Perhaps, we can see that there is a good profit in altcoins however, it is riskier than BTC but above all, it is a matter of our trading strategy and a choice of coin. Because either it was Bitcoin or altcoins if we are not good at trading the same results we've got at the end of the day. For me, I'm taking both Bitcoin and altcoins, sometime I lose and sometimes I win. But I understand this situation as this was real-life in trading, nothing to complain about. between bitcoin and altcoin are actually equally profitable as long as we know the strategy. but indeed to trade in altcoins I think it is more risky, but we can get extraordinary returns, but to achieve that we have to study it very carefully so as not to get caught in a loss situation |
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I am not sure if 4 years are correct, but it might be. I noticed that financial crisis tend to happen in 10years intervals. But the finance market is much more regulated. For bitcoins and other cryptos it should probably occur more often. One important thing is also the bitcoin having process happens every 4 years. So maybe in the year of having we see higher prices which will then drop afterwards in the next years. But one good thing is that the long term trend is upwards.
maybe it just happened to happen, but this habit can be used as a reference in a four-year cycle, and after this means, should we be careful because there will be a decline similar to starting in 2018? I think anything can happen, the most important thing is we have to trade safely at all times |
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Why should i trust a brand new service that uses the basic principles of Simple Moving Averages to create buy and sell orders? I can also recreate the same strategy on popular trading tools like tradingview or coinalyze by tinkering with the SMAs and execute the same minus having to risky my account.  As far as I know MA or moving averages are commonly used indicators. but we must know the strengths and weaknesses. when the price breaks the indicator line, we must be careful. because not all of them are true, but we seem to have gone with the flow by using them |
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Unfortunately, the fall in prices once again brought disappointment to the crypto community, as many believed that there would not be such a deep correction now, but this fall should indeed once again show that everything can be on the crypto market, like a big rise or a fall. Based on this, one should always assume such development scenarios. I remember the fall in crypto prices at the beginning of 2018, then I was confused and it seemed the end had come, but now I already understand that this fall should have been and after that there will definitely be an increase in crypto prices. Therefore, the fall this time is an opportunity to buy a top cryptocurrency at a low price.
that's the market, anything can happen, especially in the crrypto market where whales have an important role in it. therefore we must be able to take advantage of opportunities well, because it could happen that prices will suddenly rise or even vice versa. as long as we can follow the flow, then we can survive in the market |
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Judging from the technical analysis that you listed, I see that the possibility of BTC to fly again is very good. with the support line you described, there is a possibility that a price reversal will occur in this area, but as traders we must be careful if the support area is breaks
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both are useful and people in all walks of life use them, fiat are what people known as mode of payment, transaction and among other but there introduce another and new way of money which is cryptocurrency and it has advantageous to growing economic countries it made all their way of communicating, transaction, payment and bills and other easier and convenient. no hassle and it elevate their way of life too.
Yes, I completely agree with your opinion but talking about cryptocurrency as a new payment method, it seems like only a few countries are ready for that, but I also believe that with the development of the times it is possible that it will become a new payment method or transaction for the whole world, because cryptocurrency provides great benefits of course for now, bitcoin's main function as a means of payment does not seem to have reached its goal. but because of its high fluctuation, and the price has increased significantly, many people actually use it as an investment tool. Moreover, not many countries have legalized it, so there is still a long way to go as a means of payment such as fiat |
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List of fuds that makes the crypto market crash:
-Elon Musk tweeted about Tesla not accepting Bitcoin as a payment method
-Bitcoin price falls after China calls for crackdown on bitcoin mining and trading behavior
Elon, in my opinion, is truly manipulating the market by issuing a statement on his Twitter account that is very influential to the majority of people in the crypto scene without DYOR even his people that are engineers can't assess the reality of bitcoin mining! He stated that BTC isn't good for the environment and having a huge power consumption but many of the experts have already debunked his statement.
What's missing is a motive. If Elon Musk's goal was to crash bitcoin. Why crash btc when tesla is holding more than $1.5 billion btc. How is that supposed to make sense? Bitcoin's price decline hurt Elon Musk and tesla as much as it hurt everyone affected. Influencing markets and the value of assets like bitcoin requires billions of dollars in active trading liquidity. This is something that Elon Musk lacks with the vast majority of his net worth tied up in tesla stock. If someone wanted to pinpoint the identity of person behind market trades. They would look at the trading demographic with the largest amount of money and liquidity. Many are pointing the finger at Elon Musk and blaming him for crypto's latest decline. It would seem there are a few things missing before Elon Musk could be pronounced guilty. I do not think that he did that to sabotage Bitcoin (BTC) .... I think he wanted to pump Shiba and Dodge, so he just tweeted that to get people to shift their investments from BTC to Shiba and Dodge (Where he is personally invested) Remember one thing, you have not lost money on Bitcoin or any other Crypto currency.. UNTIL you sold it. So he might have thought that, after he pumped Shiba and Doge.. that he will pump BTC again and then profit from that again. He also did not think that his tweet would cause a ripple affect that would trigger a selloff that amount to a 40% drop in the BTC price. (Not entirely his fault, because we know a bunch of Chinese whales dumped BTC to burn another whale and to push him out of the market)  The crypto world is inseparable from whales, where big news triggers simultaneous movements. just like Ellon, he is a businessman, and of course what he does in the end is looking for a profit. with a large amount of entry into bitcoin, and finally he got out he had made a tremendous profit, and he then changed strategies by pumping altcoins |
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I agree, Japan would be the leading country in the Asian continent that supports and adapts crypto most, not unexpected because of their tech-love ideology. I think in coming years, India as well will include itself in the tech-lover list and adapt crypto and blockchain technology in a lots of projects sponsored by the government. Future of crypto looks promising in the developing countries as well, they will use the technology to maximize their growth!
The main issues with Japan are the high taxes on profits from cryptocurrency, complex laws that discourage crypto-based businesses and the lack of mining farms (due to high cost of electricity and hardware). And now coming to India, the authorities have taken a very hostile stance on cryptocurrency and even now the laws dealing with Bitcoin and other cryptos are in the grey area. And more than the government, the bureaucrats seems to be a problem there. Ever since India became independent in 1947, the governments and bureaucrats have taken a negative stance on new innovations. And that is applicable for cryptocurrency as well. but we do admit that India has a fairly large crypto community, and in fact there are many intellectuals who support innovation. while Japan itself was actually created by Satoshi, even though we don't really know who that person was, there were even many markets there that accepted bitcoin payments at that time, but currently USA is the biggest bitcoiner. |
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Who knows if the bear market is over! And if this is the end of the bear market then there is a possibility that Bitcoin market value will surpass $60k before end this year hopefully.
for me i can say bear market is already ended because it's quite now in the market unlike the day after the massive decline wherein a lot of people panicking and selling even at loss, reason market fell like a rock.. But now seems its done and mostly showing green unlike before wherein market is full of blood. So stop wondering why there's no improvement after the tragedy because we need to understand the situation that the market isn't fully recovered that's why still no changes.. Just be patient time will come for it. when there was a massive decline at that time, indeed many people panicked over Ellon's statement, coupled with the statement of the Chinese government, but we can see that currently the market tends to be ranging, and hopefully now the correction has ended and the market continues its bullish trend. |
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The mega dump followed by stability and up surge of the market, is very common these days in the market. Obviously we are not alone in the market. It’s a public platform and there are thousands of opportunistic people out there who were waiting for the dip to happen. It is as simple as that, they bought the coins and gave market some more millions and billions to stabilise the current panic sell  there are those who panic, some are waiting until the price enters the buy area to buy back. with the support area there will be a bounce back, and many day traders take advantage of it to look for profits. but we have to be alert if the price goes down again and breaks the current support |
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That is the issue with the people always they are investing more money than what they can afford to lose it, I don't know how they are confident of making profits for sure when they are taking such decisions but as a trader or investor they always need to have a second plan if their plan didn't work well as they have planned.
Save a life by investing smartly, don't take life-risking decision anymore.
Due to lack knowledge and a mix of greediness then these are casual mistakes that noobs or even experienced ones would able to commit.We should not invest on the amount we can afford to lose. You would really be ending up on having big problem once the market would turn against on what you do predict.Always consider the risk and put up good management into your finances. Its sad to look that there are people whom cant able to handle out their emotions and ending up their own lives because of big debt or loss of money. A common fella who wants to get out of the middle-class trap take such risky decisions but everyone who wants to get out of that trap needs to know that it is not literally possible to happen in reality in weeks or months, even years. One who is rich now may need decades to increase their standard of life by keep saving money, and spending less money then keep compounding the money they make and diversify into lot other ways. in this case success does not come quickly. requires a long process which is different for each person. the same as real work if we want to build a business, then start from scratch and strive for success. so don't think in the crypto business today we will easily get money in a short time, everything requires a process and a risk |
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Looking to purchase some btc in the coming year and looking for the best time.
Sold all alts a few weeks back and will switch back into btc when the price is right. Since you have the patience and expecting the price to go down in the coming year, you can wait until you take your position in the market. I am not sure how low the valuation would go when the bear market starts but you are yet to see the major correction you are expecting and if you are smart enough you can make the money during these range bound market trend as well, but some wait for the correction to settle down before entering again. It's better to assess first because there are lots of possibilities that the market may do up or it can fall for more, you can work with this volatile market and earn by doing some scalping but it's really risky. Or, you can just buy and let the market do to whatever directions it may go but keep your target and wait for the bullish market to bounce up more stronger. The fate of your investment always rely with how you work with the market and how you analyze in favor to your side. no one knows where the market is going. but we can analyze and place orders, so that we can make a profit if the market goes up, and if the market continues its downtrend, then we can cut losses and wait for the next support to buy. |
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When you trade, you don't take decisions of others or looking for approval of anyone first before going on. You can find various telegram groups that are discussing trading but you'll rarely find the legit ones because most of them are only discussing pump and dumps and also the new craze of meme coins. I think you only have to do the trade alone so that you'll gain experience and in the long run you will not be reliant on anyone and needed to have those phone calls just for your decisions.
right. we have to dare to analyze and in the end we have to evaluate it, what are the weaknesses and something that must be done. if this is done continuously, of course our skills in trading can improve. I think analysis from telegram groups or other social media is only a reference, and of course we must be confident |
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